UAE's Mubadala's AUM up 17% to reach $385B, KSA accelerates green hydrogen development, GCC cenbanks roll out support measures, Meta raises Indonesia user age to 16, India's TRAI studying satellite-to-mobile services
Here’s a look at today's biggest tech stories in the MENA+:
- G42 plans 2028 IPO for data center arm Khazna
- Australian packaging firm Orora says RAK facility stopped production amidst shipping crisis
- DIFC, DIEZ firms added to govt support list
- Mubadala's AUM up 17% to reach $385B
- Global investment app XTB gets CMA UAE licenses
- PIF's Neo Space Group replaces CEO, joining sister firm Alat in appointing Saudi executives
- Careem Pay expands remittance service to include Saudi Arabia, Turkey
- Iranian attack on East-West Pipeline cuts Saudi oil output by 600,000 bpd
- KSA accelerates green hydrogen development amid renewables demand
- Cultural Development Fund, Merak Capital Fund rebrands as Saudi Arabia’s first fashion fund
- Egypt signs 15-year deal to buy entire output of Cyprus' Aphrodite gas field
- L’Oréal to expand local investment, exports
- PM says energy-saving measures will be extended beyond war
- Egypt, Kenya, Uganda to send Climate Camera payload to ISS
- FAB Egypt expands to Sadat City
- Finance Minister holds public consultations ahead of budget
- Magna AI, Corvit Networks partner to advance sovereign AI infrastructure in Pakistan
- Pakistan in discussions to secure $1B ADB climate loan to strengthen climate resilience
- WorldCall Telecom unveils UAE expansion plan
- World Bank slashes growth forecast to 3% amidst Iran war
Other MENA+ Developments
- GCC cenbanks roll out support measures amid regional crisis
- ADNOC CEO says Strait of Hormuz not open despite ceasefire
- Inwi, China Mobile plan Morocco's first private industrial 5G network
- Atos, Morocco’s ABA Technology partner to scale sovereign AI services across Africa
- Syria in discussions with Turkey for correspondent bank account deal
Southeast Asia Developments
- Meta raises Indonesia user age to 16 in compliance with child safety rule
- OKX, HashKey invest in crypto exchange CAEX ahead of Vietnam govt pilot
- Samsung planning $4B investment in Vietnam chip-packaging plant
- Thermo Fisher partners with Singapore biobank study
- Philippine SEC pushes to lift moratorium on online lending platforms with higher capital requirements
India Developments
- IHC-owned Minerva enters India renewables market with Adani Green Energy JV
- RBI directs banks to streamline processes for inward crossborder payments
- RBI studying payment lags, controls to tackle digital payment fraud risks
- TRAI studying satellite-to-mobile services
- Vingroup to invest $1.5B in Maharashtra electric mobility ecosystem
